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Fair Value (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

The change in the fair value of available-for-sale equity securities valued using significant unobservable inputs (level 3), between January 1, 2017 and September 30, 2017 was immaterial.

Recurring Fair Value Measurements
December 31, 2016
(in thousands)	Total			(Level 1)			(Level 2)			(Level 3)
Available-for-sale securities
Obligations of U.S. Government sponsored entities	527,627			0			527,627			0
Obligations of U.S. states and political subdivisions	89,056			0			89,056			0
Mortgage-backed securities – residential, issued by:
U.S. Government agencies	158,226			0			158,226			0
U.S. Government sponsored entities	651,430			0			651,430			0
Non-U.S. Government agencies or sponsored entities	116			0			116			0
U.S. corporate debt securities	2,162			0			2,162			0
Equity securities	921			0			0			921

The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016, segregated by the level of valuation inputs within the fair value hierarchy used to measure fair value.

Recurring Fair Value Measurements
September 30, 2017
(in thousands)	Total				(Level 1)				(Level 2)				(Level 3)
Available-for-sale securities
Obligations of U.S. Government sponsored entities	$	534,202			$	0			$	534,202			$	0
Obligations of U.S. states and political subdivisions	92,043				0				92,043				0
Mortgage-backed securities – residential, issued by:
U.S. Government agencies	144,673				0				144,673				0
U.S. Government sponsored entities	632,146				0				632,146				0
Non-U.S. Government agencies or sponsored entities	85				0				85				0
U.S. corporate debt securities	2,162				0				2,162				0
Equity securities	920				0				0				920

Schedule of assets and liabilities measured at fair value on a non recurring basis

Three months ended September 30, 2017
					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
Assets:	As of 09/30/2017				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Three months ended 09/30/2017
Impaired loans	$	1,603			$	0			$	1,603			$	0			$	0
Other real estate owned	1,520				0				1,520				0				(100		)

Three months ended September 30, 2016
					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
Assets:	As of 09/30/2016				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Three months ended 09/30/2016
Impaired loans	$	0			$	0			$	0			$	0			$	(65	)
Other real estate owned	731				0				731				0				28

Nine months ended September 30, 2017
					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
Assets:	As of 09/30/2017				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Nine months ended 09/30/2017
Impaired Loans	$	3,982			$	0			$	3,982			$	0			$	(332	)
Other real estate owned	2,030				0				2,030				0				(282		)

Nine months ended September 30, 2016
					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
Assets:	As of 09/30/2016				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Nine months ended 09/30/2016
Impaired Loans	$	2,747			$	0			$	2,747			$	0			$	(234	)
Other real estate owned	1,008				0				1,008				0				24

Schedule of carrying amount and fair value of financial instruments

Estimated Fair Value of Financial Instruments
September 30, 2017
(in thousands)	Carrying Amount				Fair Value				(Level 1)				(Level 2)				(Level 3)
Financial Assets:
Cash and cash equivalents	$	129,412			$	129,412			$	129,412			$	0			$	0
Securities - held to maturity	139,968				142,007				0				142,007				0
FHLB and other stock	40,310				40,310				0				40,310				0
Accrued interest receivable	20,472				20,472				0				20,472				0
Loans/leases, net1	4,452,475				4,401,416				0				3,982				4,397,434
Financial Liabilities:
Time deposits	$	786,301			$	784,161			$	0			$	784,161			$	0
Other deposits	4,157,643				4,157,643				0				4,157,643				0
Fed funds purchased and securities sold
under agreements to repurchase	73,874				73,874				0				73,874				0
Other borrowings	834,574				833,839				0				833,839				0
Trust preferred debentures	16,648				22,073				0				22,073				0
Accrued interest payable	1,931				1,931				0				1,931				0

Estimated Fair Value of Financial Instruments
December 31, 2016
(in thousands)	Carrying Amount				Fair  Value				(Level 1)				(Level 2)				(Level 3)
Financial Assets:
Cash and cash equivalents	$	63,954			$	63,954			$	63,954			$	0			$	0
Securities - held to maturity	142,119				142,832				0				142,832				0
FHLB and other stock	43,133				43,133				0				43,133				0
Accrued interest receivable	17,390				17,390				0				17,390				0
Loans/leases, net1	4,222,278				4,187,415				0				7,296				4,180,119
Financial Liabilities:
Time deposits	$	870,788			$	867,921			$	0			$	867,921			$	0
Other deposits	3,754,351				3,754,351				0				3,754,351				0
Fed funds purchased and securities
sold under agreements to repurchase	69,062				69,109				0				69,109				0
Other borrowings	884,815				884,842				0				884,842				0
Trust preferred debentures	37,681				43,321				0				43,321				0
Accrued interest payable	1,902				1,902				0				1,902				0

1 Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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